diff --git a/README.md b/README.md
index 3fa3501..1cb66e4 100644
--- a/README.md
+++ b/README.md
@@ -119,7 +119,7 @@ workflows.
 This action installs Poetry using the Python version that was selected by the `setup-python`
 action, so you must call `setup-python` first.
 
-By default, this action installs Poetry 1.8.2.
+By default, this action installs Poetry 2.1.4.
 
 ### Usage
 
@@ -139,7 +139,7 @@ steps:
 - uses: ni/python-actions/setup-python@v0.2
 - uses: ni/python-actions/setup-poetry@v0.2
   with:
-    poetry-version: 2.1.3
+    poetry-version: 2.1.4
 - run: poetry install -v
 ```
 
diff --git a/setup-poetry/action.yml b/setup-poetry/action.yml
index 5664398..5d78b22 100644
--- a/setup-poetry/action.yml
+++ b/setup-poetry/action.yml
@@ -2,7 +2,7 @@ name: Set up Poetry
 description: Install Poetry, add it to the PATH, and cache it to speed up workflows.
 inputs:
   poetry-version:
-    default: 1.8.2
+    default: 2.1.4
   use-cache:
     description: >
       A Boolean specifying whether to use the cache. Set this to false to work